• 5 minutes Rage Without Proof: Maduro Accuses U.S. Official Of Plotting Venezuela Invasion
  • 11 minutes IEA Sees Global Oil Supply Tightening More Quickly In 2019
  • 14 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 16 mins Waste-to-Energy Chugging Along
  • 8 hours $867 billion farm bill passed
  • 3 mins Venezuela continues to sink in misery
  • 3 hours Contradictory: Euro Zone Takes Step To Deeper Integration, Key Issues Unresolved
  • 4 hours U.S. Senate Advances Resolution To End Military Support For Saudis In Yemen
  • 18 hours Has Global Peak Diesel Arrived?
  • 4 hours No, The U.S. Is Not A Net Exporter Of Crude Oil
  • 22 mins Regular Gas dropped to $2.21 per gallon today
  • 7 hours USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 1 day How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 10 hours Air-to-Fuels Energy and Cost Calculation
  • 2 hours Zohr Giant Gas Field Increases Production Six-Fold
  • 10 hours What will the future hold for nations dependent on high oil prices.

As OPEC Cuts Back, U.S. Shale Fills Void

Oil Sunset

Friday March 3, 2016

In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy sector. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers.

Let’s take a look.

1. Saudi Aramco worth $2 trillion? Or 1/5th of that?

(Click to enlarge) 

- Saudi Arabia plans on putting up 5 percent of Aramco for an IPO, a move that could generate cash that the government wants to use to diversify the economy.
- Saudi officials say that the company is worth $2 trillion. If true, the 5 percent IPO could generate $100 billion.
- Wood Mackenzie thinks that is vastly overstating the case. The consultancy predicts Aramco is worth only $400 billion. The IPO, then, would only generate around $20 to $25 billion.
- Some Aramco officials agree that the company is worth less. Bloomberg says some insiders think the company is worth around $500 billion.
- Since the company’s assets are a state secret, it is difficult to know. But Aramco will have to disclose a lot of information ahead of the IPO.

2. U.S. oil production growing quickly

(Click to enlarge) 

- Bloomberg Gadfly makes the case that the latest rebound in shale drilling could result in faster production growth than the first shale boom years ago.
- The 2016-2017 growth period (red line in chart above) is moving…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions




Oilprice - The No. 1 Source for Oil & Energy News